August 31, 2021 Debit Credit Cash Accounts receivable $11,450 18,200 Supplies Prepaid insurance Equipment 3,300 3,500 27,000 Accumulated depreciation-equipment $5,905 Accounts payable Salaries payable 2,700 2,300 Interest payable Rent payable Income tax payable Deferred revenue Bank loan payable, 2024 1,620 1,350 1,700 800 23,200 Common shares 5,800 Retained earnings 5,000 Dividends declared 500 Service revenue 55,155 Salaries expense 19,500 Rent expense 13,015 Depreciation expense 2,395 Supplies expense 1,930 Interest expense 1,620 Insurance expense 1,120 Income tax expense 2,000 Total $105,530 $105,530